Develop Policies and Procedures that Reduce Your Compliance Risk

The most significant area of risk in the mortgage banking industry is compliance liability. Lenders must understand and comply with a myriad of federal and state laws and regulations governing loan negotiation, origination, and servicing. With the Mortgage Procedure Guide to Federal and State Compliance you can quickly identify operational weaknesses affecting your bottom line. All guidelines and data are easily adapted into your company’s database and reporting formats and customized to suit your business needs!

The risks that flow from compliance liability include creditor liability, in the form of costly lawsuits; assign­ee liability, in which the secondary market may also be vulnerable to lawsuits under consumer protection laws; and administrative enforcement, where agencies may seek injunctive relief, civil money penalties, supervisory agreements, and other enforcement actions.

This manual is designed to help lenders hedge compliance risk. It helps you identify the compliance re­quirements in complex consumer protection laws at the federal and state level. The Mortgage Procedure Guide to Federal and State Compliance is organized by compliance area and is designed to help you reduce compliance risk by quickly identifying and creating the policies you need to comply with federal and state requirements.

The Mortgage Procedure Guide to Federal and State Compliance is organized in four parts.

• Part 1 gets you started on developing policies and procedures for your company.
• Part 2 addresses federal compliance issues.
• Part 3 addresses federal compliance procedures.
• Part 4 addresses state compliance procedures.

BONUS CD TOOL-KIT. Your paid subscription comes with a fully-searchable companion CD that gives you a wealth of practical tools, such as sample maps that help you identify your policies based on the states where you do business ... predatory lending worksheets, forms, sample policies, and other working aids. All guidelines and data are easily adapted into your company’s database and reporting formats and can be customized to suit your business needs!

But don’t just take our word for it—try the Guide for 30 Days Satisfaction Guaranteed. If you aren’t completely satisfied, just return Mortgage Procedure Guide to Federal and State Compliance within 30 days of receipt for a full refund.

Highlights of Our Latest Update How to Use This Manual Table of Contents Look Inside This Book!
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About Kurt R. Mattson

Kurt R. Mattson received his J.D. from William Mitchell College of Law, and his Masters of Law (LL.M.) from the National Law Center at George Washington University. He has worked in legal publishing throughout his career, including positions at West Publishing in St. Paul where he contributed in the development of KeyCite and WestCheck, and as an editor for BNA's Pike and Fisher for the Federal Rules Service, UCC Reporting Service, and the Federal Local Rules Reporter.

Mr. Mattson has updated BSA/AML Update for A.S. Pratt and has assisted with the production of Structuring and Drafting Commercial Loan Agreements and The Law & Regulation of Financial Institutions. He is currently co-author of A.S. Pratt's Mortgage Procedure Guide to Federal and State Compliance and the Lender Liability Law Report. He is also a monthly contributor to a sales performance magazine and other business and legal publications.

Mr. Mattson is the Director of Library Services and Training at a law firm in Las Vegas, Nevada.